What is Real GDP?
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What is the effect of increased worker productivity on SRAS and real GDP?
Increase in SRAS; increase in real GDP
Increase in SRAS; decrease in real GDP
Decrease in SRAS; increase in real GDP
Decrease in SRAS; decrease in real GDP
What is the Nominal GDP? What is Real GDP? Why is it important to distinguish Nominal GDP from Real GDP?
What is the effect of an increase in Consumption on AD and real GDP?
Increase in AD; increase in real GDP
Increase in AD; decrease in real GDP
Decrease in AD; increase in real GDP
Decrease in AD; decrease in real GDP